ATLANTA, Nov. 20 /PRNewswire/ -- Preferred Networks, Inc. (Nasdaq: PFNT)
(PNI), a leading outsourcing services provider to the wireless industry, today
announced that Michael J. Saner, a founder and President and director of the
Company since 1991, has announced his intention to retire from the Company
effective December 31, 1998.
Mark H. Dunaway, CEO of PNI, said, "Mike Saner brought significant
wireless industry experience to PNI and a true entrepreneurial spirit. He
helped build PNI and provided strong leadership throughout his tenure.
Although Mike won't be here on a day-to-day basis, we'll continue to rely on
his industry knowledge, wisdom, and friendship in the future."
From 1991 to 1993 Mr. Saner served as President of Paging Services, Inc.
("PSI"), a paging repair, maintenance, installation and sales company he
founded and for which he served as a director until 1996, which is a
distributor for Glenayre and the exclusive repair facility in the United
States for portions of the Glenayre terminal product line. PSI was acquired by
PNI in July 1996 and is now known as Preferred Technical Services. From 1984
to 1990, Mr. Saner served as President of Message World, Inc., a voice mail
and paging company he founded, with offices in Atlanta, Baltimore, Houston,
and Washington, D.C. In 1990, Mr. Saner acquired the operating assets of
Message World, Inc. and until 1997 served as President of that business, which
operated as Saner Communications Inc. ("SCI"). From 1980 to 1985, Mr. Saner
was employed by BBL Industries, Inc., a paging equipment manufacturer, as
Executive Vice President of Sales and Marketing and then as President and
Chief Operating Officer. From 1971 to 1980, he was employed by Motorola,
eventually serving as district manager for the utility market. From 1986 to
1988, Mr. Saner served as President of the Georgia Association of
Telemessaging Services, and served from 1992 to 1993 as a member of the Board
of Directors of the Association of Telemessaging Services International.
Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides
outsourcing solutions to the wireless industry which allow companies to offer
branded wireless services directly to subscribers, while relying on PNI to
provide high-quality network, technical, and product services. PNI offers its
services through its Access Services Division, a provider of wholesale paging
network services and information services technical support and through its
wholly owned subsidiaries: Preferred Technical Services, Inc., a provider of
paging network equipment installation, maintenance and engineering services;
and EPS Wireless, Inc., a national provider of paging and cellular product
repair services, sales of new, used and refurbished paging and cellular
products and inventory management services. PNI's address on the World Wide
Web is http://www.pni.net.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995: The statements contained in this release which are not historical
facts, such as those concerning future financial performance and growth, are
forward-looking statements that are subject to risks and uncertainties,
including those identified in the Company's 1997 Annual Report on Form 10-K
and in its September 30, 1998 10-Q, and actual results could differ materially
from those anticipated in the forward-looking statements.
SOURCE Preferred Networks, Inc.
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Related links:
http://www.pni.net
Company News On-Call:
http://www.prnewswire.com/comp/109794.html or fax,
800-758-5804, ext. 109794
CONTACT:
David Sullivan, Director of Corporate
Relations, Preferred Networks, Inc., 770-582-3507
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